(World Grain, Kansas City, 15 December 2015) In a letter to the U.S. Department of Agriculture (USDA) and the Office of the U.S. Trade Representative, the American Soybean Association (ASA) led a coalition of agricultural organizations in urging the U.S. Agriculture Secretary to work toward...
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(The Examiner, 7 December 2015) Recently eleven banks including the World Bank, European Investment Bank and Credit Agricole, announced the launch of ‘Five Voluntary Principles for Mainstreaming Climate Actions Within Financial Institutions’. On Monday December 7, at the UNFCCC COP21 Climate...
moreGina Rinehart treated 80 bankers to an outback lunch to secure export credit funds for Roy Hill mine
(Business Insider Australia, Sydney, 4 December 2015) Yesterday Gina Rinehart’s Roy Hill mine hit yet another snag. For a second time the first shipment of iron ore from Roy Hill was delayed following safety concerns. At a Sydney Mining Club function last night — held by Rinehart with the...
more(Friends of the Earth, Paris, 18 November 2015) After nearly two years of discussions, the Organisation of Economic Cooperation and Development member countries have finally reached an agreement on reducing their support to some coal plants through their export credit agencies...
more(CCJ, Washington, 23 November 2015) President Barack Obama signed into law Friday, Nov. 20, a bill to extend highway funding, which includes Ex-Im renewal, for two weeks. A dozen Senators and 28 Representatives have been delegated to a bicameral conference committee tasked with producing a...
more(Global Trade Review, Paris 24 November 2015) France’s Banque Publique d’Investissement (Bpifrance) has issued its first export credit facility to bread equipment manufacturer Mecatherm, for the export of two bread production lines to Mozambique. Created in 2013, Bpifrance offers capital and...
more(Livemint, Delhi, 2 November 2015) The US has demanded ‘safe harbor’ protection for its controversial farm export credit programme from the disciplines underpinning the World Trade Organization’s agreement on subsidies and countervailing measures despite denying such a flexibility to...
more(Global Trade Review, London, 18 November 2015) Brazilian national oil company Petrobras has concluded negotiations with international export credit agencies (ECAs) for a total of US$1.84bn. According to a company statement, this financing will contribute towards its fundraising efforts...
more(Bloomberg, Ottawa, 4 November 2015) Tata Group, the Indian owner of assets including Jaguar Land Rover and the Tetley Tea brand, will receive as much as $500 million a year in financing from Canada’s government-owned export development bank. EDC will underwrite loans to the Tata Sons...
more(Caixin, Beijing, 27 November 2015) The chief auditor of state-owned Chinese ECA Sinosure was found dead in his office five days after he was put under investigation by the Communist Party's graft-fighting agency, a person with knowledge of the matter says. Agence France...
morePosted Nov. 18, 2015
PARIS, FRANCE – After nearly two years of discussions, the Organisation of Economic Cooperation and Development member countries have finally reached an agreement on reducing their support to some coal plants through their export credit agencies. The...
more(Natural Resources Defense Council, New York, 22 October 2015) We have given a "climate grade" to key countries for their climate actions and new targets in the lead-in to the Paris climate agreement. Nobody is receiving top marks - an "A+" - but some countries are receiving failing grades. We...
more(Tass, Verona, 22 October 2015) The Italian export credit agency SACE has suffered losses up to €3 billion due to sanctions against Russia, head of the agency Giovanni Castallaneta said. "We have already suffered damage for 2014-2015 for the sum of €2.5-3 billion," Castellaneta told the...
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